PCTEL INC (PCTI)
US69325Q1058 - Common Stock
Taking everything into account, PCTI scores 5 out of 10 in our fundamental rating. PCTI was compared to 54 industry peers in the Communications Equipment industry. PCTI is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. PCTI has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
PCTI had positive earnings in the past year.
PCTI had a positive operating cash flow in the past year.
PCTI had positive earnings in 4 of the past 5 years.
Each year in the past 5 years PCTI had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 5.13%, PCTI is doing good in the industry, outperforming 76.27% of the companies in the same industry.
PCTI has a better Return On Equity (6.31%) than 71.19% of its industry peers.
The Return On Invested Capital of PCTI (4.25%) is better than 62.71% of its industry peers.
The Average Return On Invested Capital over the past 3 years for PCTI is significantly below the industry average of 9.88%.
The last Return On Invested Capital (4.25%) for PCTI is above the 3 year average (2.82%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.13% | ||
| ROE | 6.31% | ||
| ROIC | 4.25% |
ROA(3y)2.45%
ROA(5y)-0.83%
ROE(3y)3.09%
ROE(5y)-0.82%
ROIC(3y)2.82%
ROIC(5y)N/A
1.3 Margins
PCTI has a better Profit Margin (4.90%) than 66.10% of its industry peers.
PCTI's Profit Margin has declined in the last couple of years.
PCTI has a Operating Margin (4.37%) which is comparable to the rest of the industry.
PCTI's Operating Margin has improved in the last couple of years.
PCTI's Gross Margin of 48.68% is fine compared to the rest of the industry. PCTI outperforms 71.19% of its industry peers.
In the last couple of years the Gross Margin of PCTI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.37% | ||
| PM (TTM) | 4.9% | ||
| GM | 48.68% |
OM growth 3Y-2.07%
OM growth 5Y17.43%
PM growth 3Y-11.4%
PM growth 5Y-6.84%
GM growth 3Y0.12%
GM growth 5Y1.61%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), PCTI is destroying value.
The number of shares outstanding for PCTI has been increased compared to 1 year ago.
Compared to 5 years ago, PCTI has more shares outstanding
PCTI has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 6.12 indicates that PCTI is not in any danger for bankruptcy at the moment.
PCTI has a better Altman-Z score (6.12) than 91.53% of its industry peers.
The Debt to FCF ratio of PCTI is 0.02, which is an excellent value as it means it would take PCTI, only 0.02 years of fcf income to pay off all of its debts.
PCTI's Debt to FCF ratio of 0.02 is amongst the best of the industry. PCTI outperforms 88.14% of its industry peers.
A Debt/Equity ratio of 0.00 indicates that PCTI is not too dependend on debt financing.
PCTI has a better Debt to Equity ratio (0.00) than 74.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.02 | ||
| Altman-Z | 6.12 |
ROIC/WACC0.5
WACC8.53%
2.3 Liquidity
PCTI has a Current Ratio of 5.19. This indicates that PCTI is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 5.19, PCTI belongs to the best of the industry, outperforming 89.83% of the companies in the same industry.
A Quick Ratio of 3.85 indicates that PCTI has no problem at all paying its short term obligations.
PCTI has a Quick ratio of 3.85. This is amongst the best in the industry. PCTI outperforms 88.14% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 5.19 | ||
| Quick Ratio | 3.85 |
3. Growth
3.1 Past
PCTI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -7.89%.
PCTI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 10.07% yearly.
The Revenue for PCTI has decreased by -12.72% in the past year. This is quite bad
The Revenue has been growing slightly by 1.69% on average over the past years.
EPS 1Y (TTM)-7.89%
EPS 3Y-3.68%
EPS 5Y10.07%
EPS growth Q2Q-100%
Revenue 1Y (TTM)-12.72%
Revenue growth 3Y3.14%
Revenue growth 5Y1.69%
Revenue growth Q2Q-33.09%
3.2 Future
The Earnings Per Share is expected to decrease by -7.80% on average over the next years.
PCTI is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -3.06% yearly.
EPS Next Y-29.57%
EPS Next 2Y-7.8%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-14.62%
Revenue Next 2Y-3.06%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.97 indicates a rather expensive valuation of PCTI.
PCTI's Price/Earnings ratio is a bit cheaper when compared to the industry. PCTI is cheaper than 61.02% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 28.28. PCTI is valued slightly cheaper when compared to this.
Based on the Price/Forward Earnings ratio of 19.58, the valuation of PCTI can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as PCTI.
The average S&P500 Price/Forward Earnings ratio is at 20.88. PCTI is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.97 | ||
| Fwd PE | 19.58 |
4.2 Price Multiples
PCTI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. PCTI is cheaper than 74.58% of the companies in the same industry.
PCTI's Price/Free Cash Flow ratio is rather cheap when compared to the industry. PCTI is cheaper than 83.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 14.1 | ||
| EV/EBITDA | 11.41 |
4.3 Compensation for Growth
PCTI has a very decent profitability rating, which may justify a higher PE ratio.
PCTI's earnings are expected to decrease with -7.80% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.98
EPS Next 2Y-7.8%
EPS Next 3YN/A
5. Dividend
5.1 Amount
PCTI has a Yearly Dividend Yield of 3.15%. Purely for dividend investing, there may be better candidates out there.
PCTI's Dividend Yield is rather good when compared to the industry average which is at 17.33. PCTI pays more dividend than 89.83% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.41, PCTI pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
5.2 History
The dividend of PCTI has a limited annual growth rate of 0.90%.
PCTI has paid a dividend for at least 10 years, which is a reliable track record.
PCTI has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)0.9%
Div Incr Years0
Div Non Decr Years11
5.3 Sustainability
97.89% of the earnings are spent on dividend by PCTI. This is not a sustainable payout ratio.
PCTI's earnings are declining while the Dividend Rate has been growing. This means the dividend growth is most likely not sustainable.
DP97.89%
EPS Next 2Y-7.8%
EPS Next 3YN/A
PCTEL INC
NASDAQ:PCTI (12/15/2023, 7:09:10 PM)
After market: 6.99 0 (0%)6.99
-0.01 (-0.14%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap135.26M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.15% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
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Revenue beat(2)
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Min Revenue beat(2)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.97 | ||
| Fwd PE | 19.58 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.13% | ||
| ROE | 6.31% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.37% | ||
| PM (TTM) | 4.9% | ||
| GM | 48.68% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 5.19 | ||
| Quick Ratio | 3.85 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-7.89%
EPS 3Y-3.68%
EPS 5Y
EPS growth Q2Q
EPS Next Y-29.57%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-12.72%
Revenue growth 3Y3.14%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y